March Natural Gas is up 4.4 cents this morning at $5.896 as I write.  The heavy winter storm coming across the Midwest today and tomorrow is helping to hold near term contracts of natural gas up for now.  It is interesting to note that the two year and further out contracts were testing back towards their contract lows yesterday.  What does this tell us?  I think that the current price action in natural gas is telling us that the below normal temperatures are giving natural gas a near term boost, but the market knows that the is and probably will be a very very large inventory overhand.  For now, stand aside in natural gas.

 David Hall

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